Real estate. What do you guys think when you hear that word? The first thing that comes to my mind when I do is just a lot of headache. But why do I see so many people getting in to real estate? I know it can be very rewarding when you are good at it. But come on, you have to be very annoying to be successful at this right? I mean you need to call clients all the time and do sales talk each time you are on the phone, and we all know how annoying it can be when talking to a sales person, right? So that’s when I decided to do a little research about real estate. I had no idea where to look first, when I typed real estate on Google, I immediately saw jargon after jargon. So I took a deep breath and taught “What is real estate anyway” So that is …show more content…
Now I am beginning to picture why people are starting to get in to the real estate business. Even though many big real estate companies held the top of the business, many real estate agents with small or no company at all were making money as well. But of course there is a negative side to all good things. 2014 still held tight credit standards which meant many home buyer’s did not qualify to purchase a new home. 2014 also had a limited inventory which lead to fewer homes being available to sell. Just like all businesses, real estate also has ups and downs. Nothing is certain and everything is still a gamble in my opinion. Personally, I think real estate is a very good investment. If you are a buyer than it definitely feels good to own a piece of earth and a house you can relax in. And when you are a seller, you can gain a sense of accomplishment each time you give a buyer a home, plus your commission of course. If I had the chance, I would definitely try real estate. There are a lot of information on the web where you can learn real estate, and state of the art management tools that will aid you if you pursue being a real estate agent. How about it, would you give it a
The next portion of the chapter talks about how real-estate agents use information to gain power and wealth. Most real-estate agents have a better sense of knowing the condition that a home or apartment is in, and this gives them an upper-hand against the buyer or seller. Like the Ku Klux Klan, real-estate agents use secret words and information to
In the essay “The Mansion: A Subprime Parable,” Michael Lewis unfolds the real face of the American dream. He talks about his own personal experience in his look out for a house and his struggle with the house he rented. Most Americans have bought houses they cannot afford. Banks offered loans, they have lent mortgages that many don't have enough financial resources to pay them back. Agents have falsely guaranteed that real estate prices will be in constant rise, they promised them that there will be no declination in prices.
“The housing market will get worse before it gets better” –James Wilson. The collapse of the United States housing market in in 2008 was one of the most devastating moments for the world economy. The United Sates being arguably the most important and powerful nation in the world really brought everyone down with this event. Canada was very lucky, thanks to good planning and proper preventatives to avoid what happened to the United States. There were many precursor events that occurred that showed a distinct path that led to the collapse of the housing market. People were buying house way out of their range because of low interest rates, the banks seemingly easily giving out massive loans and banks betting against the housing market. There were
Fixing and flipping real estate is a great way to approach the real estate market, in spite of its nasty reputation. Approached with care, it is an easy way to make money in the business of real estate.
Everyone will experience buying a house at one point or another. Why not have a real estate agent help you and guide you through the process? I chose this occupation because it interests me for many different reasons. Wouldn’t you like a job where your schedule revolved around your life? Or you could control the growth of your business? Or basically over time, be your own boss? These are a few of the many reasons the real estate industry has caught my eye.
Nothing can make you feel safer than owning a house, provided that buying a home will not result in financial problems of its own. Every year, a new wave of first time home buyers hits the trail in search of their humble abode. There are pros and cons to home buying. Certainly, there is the matter of timing and related financing programs.
Have you ever noticed that while you’re driving around Austin that the homeless have become a common casualty to exhibit. I know the first thing that comes to mind is, “How ridiculous, why don’t they just get a job!”It perfectly acceptable to wonder, whether your money would go towards feeding a starving stomach or a drug addiction, therefore your generosity would be put to better use through a charity foundation or simply by offering a meal. The reality is that the majority of people who are homeless are unable to work due to certain disabilities. In other words, the best response is compassion. There is only so far we can do as a community, the major change has to come from a superior source, which is why I propose that the City of Austin ought to step up and diminish this problem. The City of Austin should build more affordable housing and assistance programs because it will help reduce homelessness.
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future.
Such as needing a license, the time and energy you need to become the best Broker possible. The guaranty of always having a job, within a matter of years becoming your own boos by starting your own company,and what you will earn in return for making peoples lives a whole lot better. The things I already know about Real Estate are as follows. I know that you will never lose your job. The reason why you will never lose your job is because people are always trying to buy a house or sell a house,or a piece of their property etc..
Of the many problems affecting urban communities, both locally and abroad, there is one issue in particular, that has been victimizing the impoverished within urban communities for nearly a century; that would be the problem of gentrification. Gentrification is a word used to describe the process by which urban communities are coerced into adopting improvements respective to housing, businesses, and general presentation. Usually hidden behind less abrasive, or less stigmatized terms such as; “urban renewal” or “community revitalization” what the process of gentrification attempts to do, is remove all undesirable elements from a particular community or neighborhood, in favor of commercial and residential enhancements designed to improve both the function and aesthetic appeal of that particular community. The purpose of this paper is to make the reader aware about the significance of process of gentrification and its underlying impact over the community and the community participation.
All good things must come to and end. In late 2005, the housing bubble burst, and housing began to decline in price. People who refinanced, particularly those who financed with variable interest rates suddenly found their homes were valued at much less. The housing market became flooded with homes for sale, because the homeowners with variable rates and interest only loans could not continue to make their payments. (Greenspan) The rise in the number of homes for sale caused further lowering of home values.
Throughout South Africa there has been an increase in the growth of eco estates. And this rapid growth makes one stop to think whether these Eco-Estates are eco-friendly developments or whether they are just a another title given to an estate so that wealthy people can develop on the outskirts or on protected land without being criticised for it. Eco – estates are meant to encourage, back to nature living, and careful integration of infrastructure with the natural environment, but these criteria’s are not always fulfilled and the term ‘eco – estate’ is used very loosely.
A mortgage is a form of debt, secured by the warranty of a specific real estate property. The borrower is required to pay back the debt in predetermined payments. The most common reason for acquiring a mortgage is to purchase real estate when it cannot be paid for up front. The homebuyer, in a residential mortgage, pledges their home to the bank. Over a period of years, the borrower pays back the loan with interest. Once the mortgage is paid in entirety, the owner retains the property free of any charges. However, in case of foreclosure, the bank has an entitlement on the house, as a form of insurance should the buyer default on repaying the mortgage. The bank can then sell the house, and use the capital to pay back the remaining mortgage.
Home loans, or mortgages, use a borrower's home for collateral. This home can be a single-family house up to four-unit property, as well as condominium or cooperative unit. Lenders fund home loan, but both the lender themselves and broker who act on behalf of the lenders originate.